Review the material in Chapter 1 on Personal Financial Planning.
- Define the financial planning process
- List the elements of a good financial plan.
- Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.
Prepare 3 paragraphs
Complete the Assignment from, Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below:
Use the S.M.A.R.T. planning model and information in this section to
evaluate Alice’s goals (below).
a. pay off student loan
b. buy a house and save for children’s education
c. accumulate assets
e. travel around the world in a sailboat.
Discuss your evaluations (p. 23).
Prepare a two page (double-spaced) essay. Cite references to material that you use in preparing the essay.